Project uncertainty prompts $10m asset write-off

Ambre Energy has written-off more than $10 million in assets as uncertainty continues over the future of a project on Queensland's Darling Downs.

The State Government has previously said it will not allow the construction of an open cut coals-to-fuels facility at Felton south of Toowoomba.

In its annual report Ambre says it has suspended major work at Felton and has written-off some assets.

The company says it is yet to decide on the project's future and that it depends on a new regulatory scheme to be announced by the State Government.

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